Adedapo Adesanya
By Adedapo Adesanya
It was a good day on the floor of the NASD Over-the-Counter (OTC) Securities Exchange on Thursday as trading activities closed bullish by 0.02 per cent, thanks to Afriland Properties Plc.
The gains by the property investment firm boosted the value of the unlisted stock market by N160 million at the close of business to N925.06 billion from N924.90 billion and raised the NASD Unlisted Securities Index (NSI) by 0.13 points to wrap the session at 704.00 points compared with 703.87 points in the previous session.
Business Post reports that the stock price of Afriland improved by 12 Kobo yesterday to close at N1.50 per unit, in contrast to Wednesday’s price of N1.38 per unit. The stock was the only price mover at the market on Thursday, as others remained static.
Despite the growth posted by the bourse, the level of activity depreciated across the key parameters, trading volume, value and number of deals.
During the session, the volume of securities traded went down by 99.7 per cent as investors bought and sold 37,000 units compared to the previous trading day’s 10.8 million units.
Also, the value of shares transacted by investors decreased by 97.6 per cent to N1.8 million from N73.5 million, while the number of deals declined by 80.7 per cent to six deals from the 31 deals traded a day earlier.
AG Mortgage Bank Plc remained the most traded stock by volume on a year-to-date basis, with 2.3 billion units worth N1.2 billion, followed by Central Securities Clearing Systems (CSCS) Plc with 688.5 million units valued at N14.3 billion, and Lighthouse Financial Services Plc with 224.7 million units valued at N112.3 million.
In the same vein, CSCS Plc finished the trading day as the most traded stock by value on a year-to-date basis with 688.5 million units worth N14.3 billion. VFD Group Plc retained second place with 29.1 million units worth N7.7 billion, while FrieslandCampina WAMCO Nigeria Plc was in third place with 18.4 million units valued at N2.0 billion.
